Class actions against the world's largest corporate auditing firms are spreading globally as governments bolster investor protection laws in countries where the Big Four firms have previously not faced substantial legal risks. Even as class action lawsuits dwindle in the United States due to court rulings and legislation, the number of countries allowing these kinds of suits has grown to more than 20, including recent additions Italy, Poland and Mexico. […] "Class action litigation can drive up costs to the breaking point fairly quickly," said Ed Nusbaum, head of 6th-largest audit firm, Grant Thornton International. "The U.S. firms have adjusted for this, but as class actions move around the world, there's a huge risk," he told Reuters. [Reuters]
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Big 4 Alumni Watch: Ex-KPMGer Wants You to Please Yourself (or Someone Else)
When considering your next professional move, do you take the time to ponder all the options? Oh sure, controller, technical accounting manager, CFO all sound nice but do they really get you excited about your work?
If you answer yes, then stop reading and return to Forbes.
Former Klynveldian, Matt Thomas is the co-founder of La Coquette a website for sex toys, paddles, handcuffs and other adult accessories. Unlikely as it may seem for an ex-Big 4 type to get into the business of sensual delights, he clearly is a master of utilizing critical thinking skills:
“sex has always sold – and we thought there was a gap in the market for really good quality products.”
Hear that? ‘A gap in the market for really good quality products’. Have you been able to find something that can provide eight hours of 24k bliss? How about leopard nipple tassels? Crystal handcuffs? Didn’t think so.
Plus, that device that you’ve dreamed about that plugs into your iPod and provides magical pleasure to the beat of JT? Dream no longer. The Naughtibod Vibrator will only set you back £46 and batteries are included.
Suffice to say, the man is far more interesting to talk to:
“It is a brave new world,” he laughs. “At dinner parties and weddings I used to tell people I was an investment banker and that would be that. Now, they’re hanging onto my every word!”
Although we understand Matt’s excitement about his newfound popularity, it can’t be that hard to keep someone’s attention if you’re carrying around a picture of a Shiri Zinn Minx vibrator. Call it a hunch.
Ex-Banker Tries His Luck with Sex Toys [City AM]
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